With today’s interest rates still incredibly low, refinancing is still a common topic of discussion. Refinancing can be a great way to help save money, but it’s not a great option for everybody.
Refinancing is the process of paying off your original mortgage and replacing it with a new one. If your current financial situation is different from what it was when your first mortgage was originated, you may benefit from a refinance.
Refinancing isn’t for everyone. But it can be beneficial. So it's important to know the facts. That way you can make an informed decision if refinancing is right for you.